Growth in EPS
P/E 18.38 vs Sector P/E 45.5
Low DEBT D/E 0.05
Sales growth (3Yr) 12.1%
Profit growth (3Yr) 31.13%
ZERO promoter pledge
-> 9 Aug'23 ~ 24 Aug'23 - "Distribution" then, a BO candle formed and 5% correction took place.
-> After that till 30th Oct'2023 stock forms Lower High & Lower Lows...
On closing of "8th Sept.'23' trading session...
Bullish Flag & Pole
1. Took 48 trading sessions to complete this pattern..
2. Now, expecting 7.21% up-move after Break-out
3. TGT to achieve in 48 Days after Break-Out (4th Sept.23)
i.e. in between 2nd OR 3rd week of November'23.
REASOND WHY THIS PATTERN IS BULLISH FLAG & POLE
Trend between June to July was...
As today, Respect the divergence and get the dip...Again Respect the fib retrace and get UP from perfect levels.
Now, for tomorrow it would be interesting to see whether N50 continue it's momentum or get a small BREAK.
- Keep focusing VR & weekly ATM
- 17750 imp support.
- PCR slightly OB
- VIX Lower
- FIIs position Higher
Positive Divergence in shorter time-frame.
FIIs Long in single digit i.e. 9%
Expecting Bounce of 80-120 points on upside.
Deep & Sharp cut below 16830.
Closing candle shows strength at lower levels.
Forming Double BOTTOM on (D) & (15 min.)
- Consolidation Range (17215 ~ 16845) of
- Last 10 trading sessions.
- Trading in a rectangular channel
- Any side Break-out gives sharp upmove in same direction.
Two ways to trade :
- Either trade the range
- Or wait for Break-out with strong volumes.
HISTORY . . . .(When NIFTY got Bearish)
- Near about 18th Nov'21, a BEARISH pattern had been created on NIFY-DAILY Charts.
- Pattern was Head & Shoulder (which is a STRONG Bearish) and TGT for this pattern were 16500.
- Finally, on 20th Dec'21, NIFTY's LOW was 17410 which is very much close to my TGT.
- On same day NIFTY closes at 16614 (which a BULLISH sign...
- From 29th Nov'21 to 17 Jan'22: stock was in Up-Trend.
- On 18th Jan'22 a sharp selling has been witnessed with lower volumes (Bearish Engulfing Pattern).
- But on preceding day(i.e. 19 Jan'22) a DOJI is formed which is a clear signal of "Confusion" in market sentiments.
- And after that it results in Down Trend in future term, which last long up to 7th...
Double Bottom and then Bullish Flag BO
- From 17 Jan to 24 Feb stock was under pressure of supply.
- After making low of 1282 on 24th Feb, stock price advanced up to 11.71%. This shows the first signal of double bottom.
- After this 2nd low of 1311 created on 7Mar-8Mar and Double Bottom has been confirmed on 10th of March.
- By 15th March, it advanced up to...
Perfect Bookish PATTERN . . .DOUBLE BOTTOM
- After the first trough is reached, an advance ranging from 10-20% usually take place.
- 2nd trough has been started and it is higher than the 1st trough's lowest point.
- 2nd trough took 3 weeks to form 2nd trough.
- But to confirm the pattern, volume is required.
- 2114 ~ 2125 with HUGE VOLUMES.
- After BO...
1. from 4th May to 6th Sept traded in a parallel channel, In 2nd week of September it gives Break-Out and goes up to 542.
2. Now, in starting of 2nd week of November, Bears took control and by providing huge Supply they have been able to get down the stock price till 443.
3. Between 20'Dec'21 ~ 27'Dec'21, was considered as accumulation (where volumes increases...
Case Study . . .
Time Frame: 75min.
-> Gap was created on 13-10-21 and finally made a high of 492.
-> After taking support 3 times, the bulls took the stock up and the price reached 536.
-> From Nov 2 till now the stock used to come back from the support range.
-> But now, if this support range (466 ~ 456) is broken in such a weak market, then...
Lemme tell you some basics of Bullish Gartley (Harmonic-Pattern)
XA: The XA move could be any price activity on the chart. There are no specific requirements in relation to the XA price move of the Gartley chart formation.
AB: The AB move should be approximately 61.8% of the XA size. So, if the XA move is bullish, then the AB move should reverse the...
OVERVIEW . . .
HEG Ltd, a premier company of the LNJ Bhilwara group, is today India’s leading graphite electrode manufacturer. It has one of the largest integrated Graphite Electrode plants in the world, processing sophisticated UHP (Ultra High Power) Electrodes.
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Rules Guiding Cypher Pattern
For every potential trading pattern, there must be guidelines and laid down rules. It is also applicable to Cypher Pattern. While identifying a cypher pattern, look out for five different points. They are the X, A, B, C, and D points. The lines between each of these points are legs.
These legs are also XA, AB, BC, and CD,...
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STL provides integrated 5G ready end-to-end solutions ranging from wired to...